Summary
Linde plc (LIN) announced on March 31, 2022, the successful issuance of €2.03 billion in aggregate principal amount of senior notes across three tranches: €500 million of 1.000% Notes due 2027, €750 million of 1.375% Notes due 2031, and €800 million of 1.625% Notes due 2035. These notes were issued under the Company's established European debt issuance program and will be used for general corporate purposes. The issuance diversifies Linde's debt maturity profile and secures financing at attractive interest rates, reflecting the company's solid credit standing in the market. The notes have been admitted to the official list of the Luxembourg Stock Exchange and for trading on the Euro MTF market. The issuance is backed by guarantees from Linde GmbH and Linde Inc., wholly-owned subsidiaries, underscoring the corporate structure supporting this debt issuance. Investors can refer to the filed Final Terms (Exhibits 4.1, 4.2, and 4.3) for detailed terms and conditions of each note series.
Key Highlights
- 1Linde plc successfully issued €2.03 billion in senior notes across three tranches.
- 2The notes mature in 2027 (€500M at 1.000%), 2031 (€750M at 1.375%), and 2035 (€800M at 1.625%).
- 3Net proceeds of approximately €2,029.6 million will be used for general corporate purposes.
- 4The debt issuance occurred under Linde's existing European debt issuance program.
- 5Notes are listed on the Luxembourg Stock Exchange and traded on the Euro MTF market.
- 6The issuance is supported by upstream guarantees from Linde GmbH and Linde Inc.